HomeVestors of America Inc.
At a Glance
Products & Services: Home buying, repair & selling system
Number of Locations: 172
Total Investment: $39.3K - 376.25K
Founded: 1989
Began Franchising: 1996
Private Owned
About HomeVestors of America Inc.
Ken D'Angelo founded HomeVestors of America in 1989 and began franchising in 1996. Based in Dallas, the company buys undervalued houses, then sells them for profit. Some home sellers will take a substantial discount off their asking price if they get a cash offer, can close quickly and can sell the house without any repair expenses.Franchise Units
| Year | U.S. | Canadian | International | Company Owned |
| 2011 | 172 | 0 | 0 | 0 |
| 2008 | 210 | 0 | 0 | 0 |
Where Seeking Franchisees: Franchisor is seeking new franchise units throughout the U.S.
Startup Costs, Ongoing Fees and Financing
Total Investment: $39,300 - $376,250
Franchise Fee: $10,000 - $50,000
Ongoing Royalty Fee: Varies
Term of Franchise Agreement: 5 years, renewable
Franchise Fee: $10,000 - $50,000
Ongoing Royalty Fee: Varies
Term of Franchise Agreement: 5 years, renewable
Financial Requirements
Liquid Cash Available: $200,000
Operations
Franchise can be run from home. 8% of all franchisees own more than one unit. Number of employees needed to run franchised unit: 2. Absentee ownership of franchise is NOT allowed. (100% of current franchisees are owner/operators).| Financing Type | In-House | Third Party |
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How This Franchise Supports Franchisees
Training: Available at headquarters: 10 days. 2-day advanced training
Ongoing Support: Newsletter, Meetings, Internet, Field operations/evaluations, Purchasing cooperatives,
Marketing Support: Co-op advertising, Ad slicks, Regional advertising,